Browsing Norges Handelshøyskole by Author "Eckbo, Espen B."
Now showing items 1-2 of 2
-
Does tradeoff theory explain high-frequency debt issuers?
Eckbo, Espen B.; Kisser, Michael (Working paper, 2015-07)Over the past forty years, one-third of the publicly listed industrial firms in the U.S. raised two- thirds of all public and private debts (net of debt rollovers). We use these high-frequency debt issuers (HFIs) - large ... -
Seasoned public offerings: Resolution of the "new issues puzzle"
Eckbo, Espen B.; Masulis, Ronald W.; Norli, Øyvind (Discussion paper;09/98, Working paper, 1998)The `new issues puzzle' is that stocks of common stock issuers subsequently underperform non- issuers matched on size and book-to-market ratio. With 7,000+ seasoned equity and debt issues, we document that issuer ...